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With the “negative watch” rumor now leaked there have to be a lot of ugly phone calls occurring right now!

How it leaked is interesting enough but the Merkozy must be going ballistic right now as I can’t see how this helps them no matter the outcome of this week’s decisions.

Will they really go ahead with it? Was it real? Will they cave to political pressure? The irony that governments and regulators enshrined the rating agencies with power is too funny! No one to blame but themselves.